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Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate picture of what happened in the country and conclude that the country is __________.
nominal deficits; worse off
real deficits; worse off
real deficits; better off
deficit-to-GDP ratio; worse off
deficit-to-GDP ratio; better off
Suppose that a monopolistic company faces the consumer demand curve. Find out the profit-maximizing quantity of the product.
On your graph, label production and consumption of cars and sugar in Home. H. Is trade beneficial to Home and Foreign.
Alternative A has a first cost of $20,000, an operating cost of $9,000 per year, and a $5,000 salvage value after 5 years. Alternative B will cost $35,000 with an operating cost of $4,000 per year and a salvage value of $7,000 after 5 years. At an MA..
chance that she will lose her cash or have it stolen. Under these conditions, how often does Tracy go to the ATM, and how much cash does she take out each time?
q. assume a duopoly and let demand be given by pa-bq. in addition let both firms have the same marginal cost c. the
Discuss the basic way that the modern banking industry work(namely, fractional reserve banking). What impact can this type of banking system have on the supply of money and possibly on inflstion and prices.
When analyzing the housing market, the supply curve
In "Nine Challenges of Alternative Energy" (pp. 386-397), David Fridley argues that the growing cost of and demand for energy, along with the growing concerns of the global climate, leaves us facing, not just a need to explore alternative energy opti..
Using the Lagrangean Multiplier method, determine how should the hardwood be allocated between the two lines of product so that total profit can be maximized. Also calculate the optimal amounts of Y and Z and total profit from each product line.
Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable.
Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?
What is the accounting profit that Fred would get in his venture? What is the economic profit that Fred would get in his venture? Would you recommend Fred go ahead with his venture? Why?
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